C 
0.39
+2.63%
Close of 5 Nov 2026, in HKD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in HKD, from our data supplier.
Revenue
HK$111.4m
FY2016FY2025
Net income
HK$16.1m
FY2016FY2025
Free cash flow
−HK$316.8m
FY2016FY2025
Shareholders' equity
HK$374.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$111.4m | HK$183.5m | — | HK$17.5m | HK$13.9m | HK$14.9m | HK$5.4m | HK$5.0m | HK$12.0m | HK$3.5m |
| Gross profit | HK$31.1m | HK$47.3m | — | HK$4.0m | — | — | — | — | — | — |
| Operating income | HK$17.8m | HK$30.1m | −HK$47.5m | −HK$35.0m | −HK$37.4m | −HK$18.3m | −HK$33.3m | −HK$7.5m | −HK$31.7m | HK$19.6m |
| Net income | HK$16.1m | −HK$126.8m | −HK$1.07bn | −HK$726.4m | −HK$105.2m | HK$9.4m | HK$3.8m | HK$108.7m | HK$81.2m | HK$172.3m |
| Diluted earnings per share | 0.07 | -0.72 | -6.11 | -4.24 | -0.61 | 0.05 | 0.02 | 0.69 | 0.56 | 1.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.51bn | HK$1.44bn | HK$1.66bn | HK$2.97bn | HK$3.63bn | HK$3.28bn | HK$3.27bn | HK$2.86bn | HK$1.98bn | HK$1.96bn |
| Cash and short-term investments | HK$110.7m | HK$177.6m | HK$2.5m | HK$714,000 | HK$1.1m | HK$1.5m | HK$140.3m | HK$56.1m | HK$85.3m | HK$74.6m |
| Total liabilities | HK$1.14bn | HK$1.32bn | HK$1.49bn | HK$1.66bn | HK$1.68bn | HK$1.37bn | HK$1.24bn | HK$702.2m | HK$769.0m | HK$748.9m |
| Debt | HK$827.1m | HK$810.8m | HK$866.1m | HK$659.1m | HK$657.2m | HK$609.5m | HK$598.0m | HK$160.0m | — | — |
| Shareholders' equity | HK$374.7m | HK$121.2m | HK$164.8m | HK$1.31bn | HK$1.95bn | HK$1.90bn | HK$2.03bn | HK$2.16bn | HK$1.22bn | HK$1.21bn |
| Shares outstanding | 219m | 177m | 175m | 172m | 172m | 172m | 172m | 156m | 143m | 136m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$316.8m | HK$270.7m | −HK$270.6m | −HK$19.9m | HK$71.1m | −HK$104.4m | −HK$264.9m | −HK$74.5m | −HK$34.7m | HK$455.2m |
| Capital spending | — | — | — | — | −HK$75.4m | −HK$34.9m | −HK$38.0m | −HK$40.1m | −HK$262,000 | −HK$3.3m |
| Free cash flow | −HK$316.8m | HK$270.7m | −HK$270.6m | −HK$19.9m | −HK$4.2m | −HK$139.4m | −HK$302.9m | −HK$114.6m | −HK$34.9m | HK$452.0m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$8.3m | HK$93.9m | HK$17.5m | HK$183.5m | — | — | HK$421.2m | HK$210.6m |
| Gross profit | HK$1.6m | HK$26.8m | HK$4.3m | HK$47.3m | — | — | −HK$288.6m | −HK$144.3m |
| Operating income | −HK$10.6m | HK$19.9m | −HK$2.1m | HK$37.2m | −HK$7.0m | −HK$39.5m | −HK$323.3m | −HK$162.2m |
| Net income | −HK$33.8m | HK$18.1m | −HK$2.0m | −HK$71.1m | −HK$55.7m | −HK$1.07bn | −HK$403.3m | −HK$201.6m |
| Diluted earnings per share | -0.11 | 0.07 | -0.01 | -0.40 | -0.32 | -0.31 | -2.28 | -0.06 |
| Total assets | HK$1.46bn | HK$1.51bn | HK$1.48bn | HK$1.44bn | HK$1.54bn | HK$1.66bn | HK$2.03bn | HK$2.03bn |
| Cash and short-term investments | HK$13.7m | HK$110.7m | HK$166.5m | HK$177.6m | HK$155.7m | HK$2.5m | HK$206,000 | HK$206,000 |
| Debt | HK$842.1m | HK$826.2m | HK$818.5m | HK$809.2m | HK$864.7m | HK$863.1m | HK$582.4m | HK$4.1m |
| Shareholders' equity | HK$320.6m | HK$374.7m | HK$125.5m | HK$121.2m | HK$85.2m | HK$164.8m | HK$715.4m | HK$715.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 85.3% | 49.5% | 40.8% |
| Net income | — | 11.5% | -20.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.6% | — | — | — |
| Operating margin | 16.3% | — | — | — |
| Net margin | -37.5% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.3 | -3.0 | -0.1 | -0.1 | -1.4 | 34.5 | 45.5 | 5.4 | 11.1 | 6.0 |
| Price to sales | 1.5 | 2.1 | — | 6.0 | 10.5 | 21.7 | 32.1 | 117.7 | 74.7 | 293.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jul 2003.
| FY2003 | FY2002 | FY2001 | FY2000 | FY1999 | |
|---|---|---|---|---|---|
| Paid in the year | 0.235 | 0.27 | 0.26 | 0.102 | 0.23 |
- 20-to-1 reverse split · 28 Mar 2025
- 20-for-1 split · 7 Aug 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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